HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins Purchases 5,000 Shares

HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $57,450. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

HomeStreet Stock Down 0.8 %

HomeStreet stock opened at $10.90 on Friday. The firm has a market cap of $205.55 million, a price-to-earnings ratio of -8.38 and a beta of 1.49. The firm has a fifty day moving average price of $12.10 and a two-hundred day moving average price of $12.92. HomeStreet, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HMST shares. StockNews.com initiated coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating on the stock. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wedbush boosted their target price on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HMST. Squarepoint Ops LLC bought a new position in HomeStreet during the second quarter worth $122,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after buying an additional 2,703 shares during the period. Barclays PLC grew its position in HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after buying an additional 17,578 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in HomeStreet during the second quarter valued at about $410,000. Finally, Quest Partners LLC raised its stake in shares of HomeStreet by 2,941,900.0% in the third quarter. Quest Partners LLC now owns 29,420 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 29,419 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.